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(MENAFN - AFP) Twenty-six years after reunification, eastern Germany remains economically anaemic with little prospect of catching up with the rest of the country by 2030, a study published on Wednesday said.

Of the eastern states, only "Saxony and Brandenburg will reach the level of overall average German growth" between 2015 and 2030, wrote Joachim Ragnitz of the Ifo economic ...

 
(MENAFN - AFP) European stock markets mostly rose on Wednesday, shrugging off a largely downbeat session in Asia, with sentiment partly lifted by German economic growth data.

Strong foreign trade and buoyant consumption drove Germany's economy, Europe's largest, to better-than-expected growth in the second quarter, federal statistics office Destatis said.

Gross domestic ...

 
(MENAFN - AFP) British drugs giant AstraZeneca on Wednesday agreed to sell part of its antibiotics business to US giant Pfizer for up to $1.6 billion (1.4 billion euros).

The deal for the company's small-molecule antibiotics, or those developed using traditional chemistry, is expected to complete in the fourth quarter, AstraZeneca said in a statement.

The news comes ...

 
(MENAFN - AFP) Japan takes its aid show to Africa this weekend, with a huge development conference in Kenya, hoping quality will trump quantity in the battle for influence against cash-rich China.

Prime Minister Shinzo Abe -- fresh from an appearance as Super Mario at the Olympic Games in Rio -- will meet with dozens of leaders from across Africa in Nairobi.

Officials ...

 
(MENAFN - AFP) Strong foreign trade and buoyant consumption drove Germany's economy, Europe's largest, to better-than-expected growth in the second quarter, federal statistics office Destatis said on Wednesday.

Gross domestic product (GDP) grew by 0.4 percent between April and June, adjusted for seasonal, calendar and price effects -- twice as fast as analysts surveyed by ...

 
(MENAFN - AFP) Spain has for months been awash with warnings that the country's long-lasting political deadlock threatens to harm a fragile recovery, but the economy is forging ahead regardless... for now, analysts say.

The country has been without a fully-functioning government for eight months with squabbling political parties unable to reach any kind of pact following ...

 
(MENAFN - AFP) Most Asian markets slipped Wednesday as traders trod water ahead of a key speech by Federal Reserve boss Janet Yellen this week, while oil suffered fresh losses on persistent glut worries.

With speculation growing that US interest rates could rise by the end of the year, Yellen's comments at a global central bankers meeting in Jackson Hole Friday will be scoured ...

 
(MENAFN - AFP) French defence contractor DCNS has been hit by a massive leak of secret data on its submarines likely to alarm India, Malaysia and Chile which use the boats, The Australian newspaper reported on Wednesday.

The 22,400 leaked pages, which the daily said it had seen, detail the combat capability of the Scorpene-class DCNS submarine designed for the Indian navy, ...

 
(MENAFN - AFP) Police are struggling to control crowds at a hot springs park in Taiwan that has become a hub for Pokemon Go players after gaining a reputation as a spot to catch rare creatures.

The normally quiet park in Beitou, just outside the capital Taipei, has been thronged in recent days by enthusiasts of the wildly popular mobile gaming app.

Pokemon Go has sparked ...

 
(MENAFN - AFP) The burkini, a body-concealing women's swimsuit that fits a conservative Islamic dress code, has stirred controversy in France, but on the beaches of North Africa, it has made few waves.

On the coast of Algeria, Morocco and Tunisia, women are already wearing increasingly modest outfits -- but few can afford the full-body costume.

In Zeralda, a seaside ...

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